Citrea launches governance token CTR

Bitcoin Layer 2 Citrea has launched its governance token, CTR, The Block reported. The token has a total supply of 10 billion, with 60% allocated to the community. The remaining 40% will go to investors (19.35%) and early contributors (20.66%), subject to a four-year lock-up period that includes a one-year cliff. Token holders can stake CTR to receive non-transferable xCTR and exercise voting rights on the treasury and network operations.